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. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has benefited. neil: we can disagree on some fine points. thank you. very good. >> you have to agree that it is one of the real successes of this administration that they have turned this industry around . neil: i don't know about that. i don't know. the cost, or, for example, the way that bondholders were treated in the way that we redid contract law. >> everybody has to sacrifice. neil: not everyone did. not everyone did. well, we make history. i love you dearly, but we did redo a couple of things. it is very good having you austin. i appreciated. >> good to see you again. neil: in the meantime i want to sw
. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has...
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industry is back, and i'm in toledo where there is a jeep plant and i was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this state has a republican governor like florida and virginia and wisconsin and who to you credit for this? most people talking about here are showing what the polls are showing a slight edge for obama. and the question is who goes otut vote and whout to vote, and what happen s s toe undecideds, because there are still some. >> and we will let the viewers know how it stands in ohio. i though you have to get back on the tour bus. appreciate your doing that for us. >>> and the key battleground state ohio, and no offense, florida, because we love you, too. but i want to let you know about a buckeye presiden
industry is back, and i'm in toledo where there is a jeep plant and i was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their employers, worried, asking, is it true, are our jobs being shipped to china? and the reason they are making these calls is because governor romney has been running an ad that says so. except it's not true. >> reporter: nevertheless the head of fiat-chrysler confirmed exactly what the romney ad said that the company had intended to return jeep production to china, the world's largest automarket in order to satisfy local market demand. the controversy of course is touchy because getting bailed out by american tax dollars a company was deciding to create jobs somewhere other than in the u.s. but the administration rushe
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their...
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gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some areas likely to be without -- some of you in t
gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that...
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it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called out on it. we have fact checkers and we have a great one here. i think everybody in the media is working especially in the final days to figure out what's true and what isn't. that's the reason ffs a significant risk. >> let me play what governor romney has said, david. i want to get your response. essaying don't look at the ads but the record. le met play what he said. >> look beyond the speeches and the attacks and the ads. look to the records toshgts accomplishments and the failures and judgments. word are cheap. >> the concern, at least i know for some democrats, is that this message of, hey, there
it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called...
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focusing on the auto industry, and significant auto manufacturing base taking credit for the survival of gm and chrysler. >> i understand governor romney has time in ohio because he was against it in the auto industry and hard to run away from that position when you're on videotape saying the words let detroit go bankrupt. dennis: geometrics or went bankrupt a merge with help in federal financing. governor romney's plan would government providing guarantees for post-bank of the financing. meanwhile in wisconsin governor romney hit his campaign closing argument. >> he is so sure of that he has one big plan for the next four years. he wants to take all the ideas from the first term, the stimulus, the borrowing, obamacare, all the rest and do it all over again. that idea can be boiled down to four words, more of the same. dennis: president obama spends all day in the buckeye state. back to you. cheryl: more breaking news continuing into fox business. fema now arriving in staten island. let's go back to the latest there. cheryl: this is national guard distributing supplies to people who need pa
focusing on the auto industry, and significant auto manufacturing base taking credit for the survival of gm and chrysler. >> i understand governor romney has time in ohio because he was against it in the auto industry and hard to run away from that position when you're on videotape saying the words let detroit go bankrupt. dennis: geometrics or went bankrupt a merge with help in federal financing. governor romney's plan would government providing guarantees for post-bank of the financing....
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it paid off where gm is investing hundreds of millions of dollars in their auto plant. it paid off in toledo where chrysler is adding more than 1,000 new jobs on a second shift. not in china, but right here in ohio. right here in the united states of america. and so one of the things, when you're talking to your friends and neighbors, they're trying to make up their minds the last few days. think about that. think about the issue of trust. think about do you want a president who is going to tell you what he believes and what he thinks for somebody who is going to, you know, who is going to -- well, change the facts. after four years as president, you know me. you may not agree with every decision i've made. you may be frustrated sometimes at the pace of change. but you know what i believe. you know where i stand. you know i tell the truth. you know that i'll fight for you and your families every single day as hard as i know how. you know that. >> good morning, everybody. i'm tom here at msnbc headquarters and we're watching president obama there in hilliard, ohio, greet
it paid off where gm is investing hundreds of millions of dollars in their auto plant. it paid off in toledo where chrysler is adding more than 1,000 new jobs on a second shift. not in china, but right here in ohio. right here in the united states of america. and so one of the things, when you're talking to your friends and neighbors, they're trying to make up their minds the last few days. think about that. think about the issue of trust. think about do you want a president who is going to...
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the toledo blade. the most read story today in the blade. in this town where mitt romney is running his made-up story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big-time, hometown paper news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy."
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the toledo blade. the most read story today in the blade. in this town where mitt romney is running his made-up story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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attorney general, as i remember, mitt romney wrote that op ed and said essentially the gm should go through a managed bankruptcy, which they did, which the president says that's essentially what saved the car industry. mr. attorney general? >> couple of things. first of all, ohio's recovery, if you look at the statistics, we've really not had the growth in the auto industry. what we've had is the growth as far as new jobs being created, in other areas. auto industry certainly is very, very important for the state. i don't think there is an area where the obama campaign is exaggerated more or misled more than on this issue. if you look back at the facts, what you had is a situation where governor romney said we needed federal intervention. he wanted to do it differently. the obama administration ended up taking detroit into bankruptcy. so for them to say that obama did not want to do that or that they had a different point of view, romney didn't want to do that is absolutely crazy. >> steve: governor, the fine word. >> the governor's own department of don't had just put -- development had ju
attorney general, as i remember, mitt romney wrote that op ed and said essentially the gm should go through a managed bankruptcy, which they did, which the president says that's essentially what saved the car industry. mr. attorney general? >> couple of things. first of all, ohio's recovery, if you look at the statistics, we've really not had the growth in the auto industry. what we've had is the growth as far as new jobs being created, in other areas. auto industry certainly is very,...
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the president and vice-president joe biden told us that osama bin laden is alive and gm is alive. maybe they real theme is alive. al-qaida slive. and a u.s. ambassador is dead. this narrative that al-qaida has been despated is obviously a little premature for the president to announce. it is evident that al-qaida was attack the in benghazi, lib yampt we know it was not just one person . we salute the president for calling the order to get rid of osama bin laden. and we give him credit for that. but the idea that somehow we no longer have an issue with islamic jihadism is naive . they will be alive as long as someone can carry the torch and there are many to do it. earlier this week the president took time out to address how the government is guessing to address the devination of hurricane sandy. >> we'll not tolerate red tape or bureaucracy. we go through tough times and we bounce back. the reason we bounce back is because we look out for one another and don't leave anybody behind. >> that's the way it is supposed to be. you might have hard time convincing folks in staten island a
the president and vice-president joe biden told us that osama bin laden is alive and gm is alive. maybe they real theme is alive. al-qaida slive. and a u.s. ambassador is dead. this narrative that al-qaida has been despated is obviously a little premature for the president to announce. it is evident that al-qaida was attack the in benghazi, lib yampt we know it was not just one person . we salute the president for calling the order to get rid of osama bin laden. and we give him credit for that....
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the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure can't give up now. >> now, wolf, the romney campaign was quick to hit back saying in part that the auto companies are expanding their production with jobs overseas, to be clear, they're not moving their jobs overseas, but they're adding new jobs overseas. they say that unemployment has risen since the president has been in office. now, one maybe lighter note, wolf, i did mention that david ax axlerod saying the speeches are coming from the president's loins, and it has it's own twitter handle already. >> didn't take long, very cute. the president, in the last four days, it's going to get tough out there. >> it'
the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure...
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gm said we think creating jobs in the united states should be a source of bipartisan pride. and i couldn't agree more. >> reporter: now early voting has begun here in ohio with 35% saying they've already voted early or plan to do so. obama is leading among those voters 62-36%, but romney is up among election day voters 52-42%. the fact that president obama has a number of planned visits here in ohio before election day suggests that the obama campaign is not satisfied that they have locked down this state. as for the president's state of mind, david axelrod said the president is exhilarated and that his stump speech is "coming from his loins." lester, back to you, and i want erica to the nbc family. >> kristin, thank you. it's great to be here. >>> we also want to check in now with peter alexander joining us from newington, new hampshire. peter, good morning. >> reporter: adding my voice to that chorus, of course, welcoming you here today. we are in new hampshire where mitt romney is going to kick off this day after an exhaustive 18-hour day friday. listen to his schedule. h
gm said we think creating jobs in the united states should be a source of bipartisan pride. and i couldn't agree more. >> reporter: now early voting has begun here in ohio with 35% saying they've already voted early or plan to do so. obama is leading among those voters 62-36%, but romney is up among election day voters 52-42%. the fact that president obama has a number of planned visits here in ohio before election day suggests that the obama campaign is not satisfied that they have...
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that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's also done well in terms of showing the power of the office by just the latest move of having the military assist in delivery of fuel. it also shows up the hollowness of governor romney, his flip-flopping. for example, on the issue of fema, he was suggesting months ago that maybe you don't need a federal emergency management agency, maybe you can just let each state fend for itself. now, imagine where we would be if someone had actually taken that advice and killed fema. you would have new york, new jersey, each fighting with each other for scarce resources, for fuel, for power, for electric line repair, compe
that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's...
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gm reports an increase in sales, and housing construction numbers are up. all this is good and unemployment numbers are coming out tomorrow which probably show we've had 33 consecutive months of job growth and more than 5.2 million jobs. that's all good news the president can point to in saying we're moving forward, not backwards. >> amy, the political buzz story of the day. on a lot of front pages of blogs and newspapers, you've got this picture of the president and chris christie, both of them praising each other yesterday. let me play a little of the back-and-forth. >> there will be some folks who will criticize me for complimenting him. but you know what? i speak the truth. that's what i always do. sometimes you guys like it. sometimes you don't. sometimes politicians like it. sometimes they don't. but i say what i feel and what i believe. and i'm just doing the same thing with the president of the united states. so i did pinch myself every day. you know, like when i got on marine one, i'm pinching myself, believe me, you know. sandy and bill christie's
gm reports an increase in sales, and housing construction numbers are up. all this is good and unemployment numbers are coming out tomorrow which probably show we've had 33 consecutive months of job growth and more than 5.2 million jobs. that's all good news the president can point to in saying we're moving forward, not backwards. >> amy, the political buzz story of the day. on a lot of front pages of blogs and newspapers, you've got this picture of the president and chris christie, both...
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really scaring people, you know, that som, ow thee president had been part of bailing out chrysler and gm and ordered to ship those jobs, and theroduction overseas to china. that was shall did -- and he got attacked by thero republican papers in the state including the youngstown vindicater being indefensible. and i just think it had to be the product of, conclusion that the auto bailout really was a mountain too high for him to climb. and they had to somowow destroy booma's credidiity. >> woodruff: and the romney campaign is sayin. the ad is accurate, that it is factual. >> they seem to be the only ones though, to be honest saying that. and so one of the questions of the campaign is does that hurt. has anybody been hurt by doing a dishonest adment so far we haven't seen that t much evidence. i do think there is some evidence that people are just getting sick of it they are saying this is the most dishonest race we've seen. so it is possible that some of the very early ads that obama ran against romney last summer could turn out to be the crucial things that turn the whole election, i ink
really scaring people, you know, that som, ow thee president had been part of bailing out chrysler and gm and ordered to ship those jobs, and theroduction overseas to china. that was shall did -- and he got attacked by thero republican papers in the state including the youngstown vindicater being indefensible. and i just think it had to be the product of, conclusion that the auto bailout really was a mountain too high for him to climb. and they had to somowow destroy booma's credidiity....
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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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and then they get called out by gm. then they go up with a radio ad that is even more aggressive, and then paul ryan goes out on the trail and goes back to romney and romney's initial arguments about they're shipping stuff over and totally trashing the auto bailout without ever mentioning that paul ryan voted for the auto bailout. it is surreal and i have to tell you "the toledo blade" my old paper, front page stories each day about this isn't true, how are people responding. i think that when the history of this campaign is written, there's going to be a chapter on this and it's going to be mitt romney's -- i mean, it is a high bar, mitt romney's dumbest move. >> betsey, can you adjudicate a little bit this dispute about what happened in auto in terms of mitt romney's contention that he was basically for the policy that ended up happening even though he clearly was intervening in the debate to make sure that policy didn't happen. >> well, i think he wasn't for the bailout. i don't think anyone thinks he was. he's on re
and then they get called out by gm. then they go up with a radio ad that is even more aggressive, and then paul ryan goes out on the trail and goes back to romney and romney's initial arguments about they're shipping stuff over and totally trashing the auto bailout without ever mentioning that paul ryan voted for the auto bailout. it is surreal and i have to tell you "the toledo blade" my old paper, front page stories each day about this isn't true, how are people responding. i think...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto industry? it may not be the guy whose car ad is full of holes. joining me from detroit is jonathan cone. >> thanks for having me on. when we talk cars, i get out my transformers and have this whole thing about president obama being optimist prime. is the car issues going to be the thing that turns ohio voters? >> it is a huge issue. in ohio, 1 of every 8 jobs is tied to the auto industry. the voters there, they understand how important the auto rescue, the obama's decision to provide chrysler and g.m. loans. they know how important that was. people forget now but 2008, 2009 when g.m. and chrysler were on the ve
obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto...
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gm cut 15,000 american jobs, but they are planning to double the number of cars in china which means 15,000 more jobs for china. chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry baneber. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a version of that that runs. it has drawn a strong rebuke from the owners of chrysler. again, it is taking two unrelated things and trying to argue that the president is responsible for the shipping of jobs to china. there are investment being made in jeep in ohio. i think it is an example of how important the although voter is. -- the auto voter is. there may be some people who peel off who get upset about that china issue. host: running ads directly challenging the mitt
gm cut 15,000 american jobs, but they are planning to double the number of cars in china which means 15,000 more jobs for china. chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry baneber. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking...